The
reports of a settlement on Sea Island, Georgia, are disturbing on many counts, not the least of which is that the Sea Island Company no longer exists. Not only have many of the assets of the bankrupt, family-owned firm been acquired by an artificial body that called itself "Sea Island Acquisitions," as if acquisition were an honorable enterprise, but that Limited Liability (little responsibility) Corporation has now morphed into an alphabet string that's not even a pronounceable acronym, SIA PROPCO II, LLC. So, it's no wonder references default to the historical moniker, which may well be the intent. Then too, the community has an historical investment in an enterprise, whose shame they'd just as soon forget. Bankruptcy may be SOP on Wall Street, but it's not welcome on Main Street. So, Sea Island Company survives in local discourse.
